IGV Options History — March 2025

In March 2025, IGV traded between $87.98 and $97.11. ATM implied volatility averaged 30.3%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 4.2% (HV 20d: 34.4%). Max pain ranged from $96.00 to $100.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-03-07: Highest Volume — 32,191 contracts
  • 2025-03-06: Largest IV spike — 15.7% change
  • 2025-03-11: Highest IV Rank — 76.8%
  • 2025-03-10: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.61$87.98$97.11$95.23$89.05
Max Pain$99.43$96.00$100.00$100.00$99.00
ATM IV30.3%24.7%36.8%32.6%30.4%
Expected Move9.2%7.0%13.5%10.3%8.3%
HV 20d34.4%22.7%40.8%22.8%40.6%
HV 60d28.2%24.6%30.2%25.7%30.2%
IV Rank53.5%33.7%76.8%62.0%54.1%
IV Percentile93.8%78.6%99.6%99.2%94.8%
Term Structure-0.5%-7.1%5.4%-7.1%-0.7%
VWIV31.7%23.4%43.7%34.8%26.2%
Skew 25d4.5%-6.8%9.4%3.3%5.7%
Skew 10d12.5%1.5%24.0%16.5%14.4%
Call IV 25d29.0%23.1%39.8%34.4%27.4%
Put IV 25d33.5%18.9%42.2%37.7%33.1%
Bid-Ask Spread %55.5142.9176.3650.8451.94
Gamma HHI0.080.060.140.110.06
Net GEX5.7M-446.8K23.1M12.5M-210.9K
Net DEX44.8M-67.7M143.4M30.6M95.3M
Net VEX-1.0M-1.2M-857.5K-1.0M-923.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.113.320.220.97
Total Volume9,408.4291,85532,1918,2657,482
Total OI157,755.095143,567173,727146,323148,236

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$95.23$100.0032.6%10.3%22.8%62.0%34.8%3.3%-7.1%12.5M30.6M-1.0M0.2250.846,7891,476115,87730,446
2025-03-04$95.99$100.0028.2%9.1%23.2%46.4%34.7%3.8%-0.1%17.0M9.2M-1.1M0.7176.363,5312,523120,75331,083
2025-03-05$97.11$100.0029.5%9.7%22.7%51.0%32.8%5.3%-0.4%23.1M-26.1M-1.1M0.4649.651,689783122,22732,017
2025-03-06$93.20$100.0034.2%11.1%26.1%67.5%37.0%2.1%-1.8%4.6M85.9M-927.9K0.1356.3410,9751,438123,30932,425
2025-03-07$93.35$100.0032.5%10.4%26.0%61.4%34.6%7.0%-3.5%4.1M84.5M-926.7K0.2642.9125,5466,645133,16532,405
2025-03-10$88.34$99.0036.4%13.5%31.3%75.3%43.7%7.0%1.9%1.5M134.5M-867.1K1.8365.924,0897,481117,75934,314
2025-03-11$89.94$98.0036.8%12.2%31.6%76.8%41.3%2.2%-1.0%2.8M101.7M-986.0K0.9263.542,4932,282120,17136,575
2025-03-12$91.43$99.0033.5%11.8%32.8%65.0%37.1%4.9%-2.8%2.4M91.6M-991.9K0.1759.627,9301,350120,78738,295
2025-03-13$87.98$97.0035.8%11.6%34.6%73.1%39.0%9.4%-0.8%-430.3K143.4M-857.5K1.3968.515,5917,756127,62838,930
2025-03-14$91.41$96.0030.8%9.7%37.5%55.3%34.8%4.9%-1.2%3.2M53.0M-1.1M1.6574.393,0034,947131,66739,405
2025-03-17$93.35$100.0029.0%7.9%38.7%49.1%32.7%4.8%0.7%7.1M14.3M-1.1M3.3247.183,05610,143127,35039,790
2025-03-18$91.41$100.0030.6%8.3%38.7%54.6%28.5%5.3%5.4%2.8M58.2M-1.1M0.7647.421,055800128,39940,557
2025-03-19$93.36$100.0027.9%7.8%39.9%45.2%28.5%4.9%-1.8%5.5M13.4M-1.1M3.0552.121,6815,132128,38640,774
2025-03-20$92.83$100.0026.7%7.5%39.7%40.9%27.3%5.2%-1.7%2.5M34.3M-1.1M2.6852.041,7484,687129,47643,948
2025-03-21$92.85$100.0027.4%7.5%38.2%43.4%25.6%4.8%-0.6%-446.8K28.4M-1.1M0.3050.6717,5395,204130,03343,694
2025-03-24$95.34$100.0025.1%7.1%39.6%35.2%25.1%4.7%-0.6%10.2M-52.3M-1.2M0.8751.965,4914,774107,33642,237
2025-03-25$96.22$100.0024.7%7.0%39.3%33.7%23.6%-6.8%5.1%11.4M-67.7M-1.2M0.4049.112,9881,202104,67438,893
2025-03-26$93.99$100.0027.1%7.4%39.7%42.3%26.6%5.1%0.3%6.8M-6.7M-1.1M0.1148.086,450708105,96639,489
2025-03-27$92.90$100.0026.1%7.4%38.9%38.6%23.4%5.8%0.4%3.8M23.9M-1.1M0.6756.832,0971,395106,60139,716
2025-03-28$89.55$100.0030.1%8.3%40.8%53.0%27.6%5.5%-0.3%-360.7K92.2M-980.8K0.3850.294,0821,546107,99240,072
2025-03-31$89.05$99.0030.4%8.3%40.6%54.1%26.2%5.7%-0.7%-210.9K95.3M-923.3K0.9751.943,7923,690108,59739,639